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The new credit card law will be effective February 22, 2010. I have detailed all the pros and cons of the new regulations in the informative articles linked below.
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How do the new credit card laws affect students?
The new credit card law called the Credit Card Reform affects students by not letting card issuers lure students in with freebies or offers for a credit card application. This law limits issuing credit cards to people under the age of 21.
In Canadian Law am I responsible for my spouse's credit card debt?
NO, not if my name was not on that card
Is stealing a credit card against the law?
yes it doesn't even matter if its got nothing on the card as long as its been STOLEN its against the law
Why credit card is not a negotiable instrument?
Paper checks and cash can be countersigned and forward to a third party for payments in a unrelated situation. Credit card charges can not. The term "Negotiable Instrument," or "Instrument" is usually defined in law,
What is the law in Florida regarding credit cards after death of the card holder?
The survivor or survivors are not responsble for paying it off.
Can a credit card company change your due date to earlier dates?
No a Creidt Card Company cannot change the due dates to earlier dates. The law does not permit it.
How do the new credit card laws affect students?
The new credit card law called the Credit Card Reform affects students by not letting card issuers lure students in with freebies or offers for a credit card application. This law limits issuing credit cards to people under the age of 21.
Credit Card Optimizer?
Credit Card Optimizer The Credit Card Optimizer helps you determine the best distribution of your credit card debt. By entering your credit card balances, rates and credit limits this calculator determines which balance transfers will produce the greatest savings.
What is alabamas staue of limmitations law regarding credit debt?
Alabama has one of the longer statute of limitations (SOL) for credit card debt. Credit card debt is considered a contract debt in AL. That makes the SOL 10 years from the date of last activity on the account.
In Canadian Law am I responsible for my spouse's credit card debt?
NO, not if my name was not on that card
What is the official name of the credit card law in the United States of America?
The official name of the credit car law in the United States of America is called the Credit Card Act of 2009. It was signed into law by current President Barack Obama.
Has Obama implemented any credit card regulations?
Yes. The credit card act of 2009 was signed into law by President Barack Obama on May 22, 2009. This law helps protect card holders.
Credit card co signer?
i had a credit card in my name i was just a signer on it but i did use it can i get into trouble with the law for this i was given permission by the main card holder that i could use the card
What does effective date mean on an unemployment application?
Effective date (in any sense) means the earliest date something starts at. For example "Beginning January 1, 2010 xxxxx will be the new law", where "January 1, 2010" is the effective date that the new law becomes official.
If your mother-in-law creates a credit card account for your wife when she was a minor is your wife responsible for the charges if she didn't use the card?
Modification to question... If your mother-in-law created a credit card account in your wife's name when she was a minor with the mother-in-law as a co-signer, and your wife did not use the card but the mother-in-law did, who is responsible for the balance?
Can a credit card company garnish your wages in North Carolina?
No, N.C. law does not allow wage garnishment when it pertains to credit card debt.
What is the Florida law concerning items purchased using store issued credit cards?
Florida has no law concerning items purchased using store-issued credit cards. In the eyes of the law, a store credit card is no different than a regular credit card if the card provides a mechanism to pay over time (i.e., longer than one month) and there is a credit limit associated with the card. Florida does not have a specific law concerning goods purchased with a credit card; rather, Florida sets guidelines as to the pricing of the cards (e.g., maximum interest rate, fees charged).
